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About Edgewood Companies

Edgewood Companies, formerly Park Cattle Company, land owners in the Carson Valley since 1872 and at Lake Tahoe since 1898, has undergone a corporate repositioning focused on giving the family-controlled Company a more active voice in land use decisions affecting the futures of both South Lake Tahoe and the Carson Valley and the diversification of its assets.

groundbreakingedgewood1967.jpgWhile many Nevadans were reading about Teddy Roosevelt and his Rough-Riders charging up San Juan Hill and yet others were preoccupied with the new record speed for an automobile at 39 miles-per-hour, David Brooks Park and his son David Wallace Park were accumulating land and laying the foundation for a family business that would grow over 13 decades to become one of Nevada’s oldest and most-respected diversified real estate companies.

David Brooks Parks’ guiding vision – handed down from generation to generation - was for the Park family to serve as passionate stewards of the land and protective guardians of Lake Tahoe.

Consistent with his father’s and grandfather’s business principles, in 1965, Brooks Park formed the water company to primarily serve hotel-casinos at Stateline, built a public golf course that stands as an international showcase of Tahoe beauty, and fostered the bi-state economy at Stateline, where he successfully paired gaming and entertainment with Tahoe’s vast splendor.

In the late 1970’s, the company built the Park Tahoe Hotel, later named Caesar’s Tahoe, which the Company leased on a long-term basis to Caesar’s World and is currently leased to Tropicana Entertainment.

Carrying on the family legacy, Brooks Park’s son Bruce guided the expansion of the companies land holdings and ranch operations over a period of several years and oversaw the sale of Park Place parcels in 2004 before assuming other duties.edgewood-tahoe_aerial.jpg

Today, Edgewood Companies owns and operates 5,000 acres of ranch land in the Carson Valley, 500 acres at Stateline that includes the Edgewood Golf Course, Friday’s Station – an original Pony Express stop and where Mark Twain wrote portions of Roughing It, Edgewood Water Company, and acreage beneath the Horizon Hotel-Casino, Harvey’s and Caesar’s Tahoe, numerous undeveloped parcels and pristine beachfront -- without debt.

By undertaking the corporate repositioning in late 2004 and early 2005, the Park family intensified its quiet oversight role and decidedly acted upon its family mantra – to be stewards of the land, guardians of the Lake as well as solid corporate citizens in the communities in which it operates.

As a result, The Board of Edgewood Companies is positioning to be an active stakeholder in the economic and environmental debates confronting communities in the Carson Valley, Stateline and northern Nevada.  Most importantly, the board is strategically shaping the next Park generation’s understanding of the need to maximize earnings and improve shareholder value while staying true to the Park family vision.

 

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